Bajaj Holdings & Investment Limited announced that Allianz SE has completely exited its remaining equity stake in the group’s two key insurance subsidiaries, Bajaj General Insurance and Bajaj Life Insurance, on March 12, 2026. The divestment was executed through the companies’ recent Buyback offer. Following this exit, Bajaj Holdings & Investment’s direct equity stake in both insurance companies has proportionally increased from 17.56% to 18.10%.
Completion of Allianz SE Divestment
Bajaj Holdings & Investment Limited has formally informed the stock exchanges regarding the finalization of the divestment by Allianz SE from its insurance joint ventures. This move finalizes Allianz SE’s complete exit from both entities: Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited) and Bajaj Life Insurance Limited (formerly Bajaj Allianz Life Insurance Company Limited).
Participation in Share Buyback
The announcement refers back to a previous communication dated January 8, 2026, which indicated that Allianz SE intended to tender its remaining 3% equity stake in each insurance company through the ongoing Buyback offer, pending necessary regulatory approvals. Pursuant to the offer, Allianz SE successfully tendered its entire remaining shareholding in both companies, resulting in their complete exit from the ventures.
Impact on Bajaj Holdings Stake
As a direct consequence of Allianz SE’s exit via the Buyback, the proportional equity stake held by Bajaj Holdings & Investment Limited in the respective insurance companies has increased. The company’s ownership has risen from 17.56% to 18.10% in both Bajaj General and Bajaj Life. The Board requests the exchanges to take this resultant change in shareholding on record.
This disclosure was authorized and signed by Saurabh Erande, Company Secretary, on March 12, 2026.
Source: BSE
